Usdc taking over the world Im rich | Bitcointalksearch.org

shinratensei_

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you aren't getting rich from holding USDC Grin

, if you talk about staking and high APY, eventually the pool will get diluted, we're talking about stablecoin where risk is low therefore many people will take the chance to stake.
the high APR that you're talking about will just be a fleeting dream.

also, just because USDT isn't mica compliant doesn't mean it's getting away, tether literally invested into some stablecoin that is mica compliant that's enough for tether to put their presence in EU market.
you want high APR from staking you need to use volatile instrument, that's the way.

coupable

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Quote from: Porfirii on December 26, 2024, 01:06:50 AM

When I first read the opening post I had the same thoughts as my colleagues above. But thinking about it twice, is a situation like terra luna's, but inverse, possible? Could USDC depeg from dollar, in a good way?

I don't think so, and I also believe that the OP is being delusional, but I'm open minded and I'd like someone to prove me wrong.

Not only that. Because stablecoins are owned by companies that claim that all issued coins are backed by the US dollar, there is no oversight of the validity of these claims, and some stablecoins projects have lost value and collapsed once this was discovered. This means that anyone can lose the value of their stablecoin assets as a result of the collapse of the company that founded them. On this basis, investing in these currencies is pointless, and it is better to maintain their characteristics as a trading tool to avoid sharp price drops and not for any other service. As for governamental CBDC , this is another story that has nothing with fully decentralized concept.

coolcoinz

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Quote from: Usdcboss on December 15, 2024, 11:10:58 AM

while people in btc but not in USDC then it means we early on USDC adoption before they make this cbdc.

I see a couple flaws in your thinking.

Isn't that a centralized stable coin? These coins do not increase in price as they're trying to emulate the existing currency without creating a taxable event.
How are you planning to be rich by "investing" in it?

Comparing it to BTC also makes no sense because bitcoin is a coin with limited supply while stable coins are made on demand.
Also, bitcoin is decentralized while USDC is not. Decentralized coins are a completely different market aiming at different clientele.

Salahmu

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Quote from: Usdcboss on December 15, 2024, 11:10:58 AM

Usdc taking over the world and i'll be rich 100x in 2 years because central banks might hike rates too.

There is a reason why Usdc is called a stable coin because is not something that can just grow like that, so actually don't take because any serious discussion had by central bank in regards to Usdc to be a discussion of hiking in price because is not possible and that's why it remains the same from time to time, so when you said you will be rich in 2 years time do to 100x move of Usdc I was thinking if you are talking about other cryptocurrency or Bitcoin because as for Usdc don't get your hopes on it because it will not give you what you want so instead you can use it for other things.

DrBeer

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Quote from: Usdcboss on December 15, 2024, 11:10:58 AM

Usdc taking over the world and i'll be rich 100x in 2 years because central banks might hike rates too.
Mica regulated and it's matter of time when they CBDC the USDC and great to earn by staking % and when countries goes in bankcrupty and people have problems with mortgage and debt problems the debt settled with dollars it's bullish for USDC so circle and fed are smart they created the USDC just by right time Im bullish only about blockchains wich run USDC those will be true winners xlm,solana ,eth and others on wich USDC runs.
while people in btc but not in USDC then it means we early on USDC adoption before they make this cbdc.

I would be genuinely happy for you, and congratulate you, but.... There are nuances

USDC is a STABLE COIN. That is, a cryptocurrency token, the value of which is backed by a stable asset, in this case the US dollar. How the collateral itself is realized is a topic of a separate conversation. But any USDx will always cost about 1 dollar, if the USDx issuer does not go bankrupt or does not engage in “dark deeds”. Therefore, its value will always be stable, and if it brings income, it will be only in relation to, for example, local currency, which is subject to noticeable inflation

jaberwock

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Quote from: N.O on December 25, 2024, 05:26:02 PM

Bro USDC is not that kind of coin which will give you 100x profit because it is dollar based and we can't expect that it's price will be 100x . If dollar will fluctuate it's price will be effected but how much that matters a lot because we saw history and every country has different prices of dollars and when we convert dollar to local currency we got the price equal to dollar.

The same impression I had earlier but not anymore until I read completely his post as the OP also said staking there. I think this is what he means where we can earn a hundred X return. Another one is that when the central banks raises their hike. Maybe he was thinking that the value of USDC or the dollar will also rise higher. Even though fluctuation is not a new thing, it matters a lot to someone else. You know, some dislikes it and yet they have no choice but to still enter because there is no way they can earn if they don't.

Quote from: N.O on December 25, 2024, 05:26:02 PM

And if you think like Sol, ETh and BTC ?? Bro these coins are not stable coins

He didn't said that they are but he is only referring that those altcoins which are paired with USDC and that they can also gain a benefit once USDC rise high.

lizarder

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Quote from: Usdcboss on December 15, 2024, 11:10:58 AM

Usdc taking over the world and i'll be rich 100x in 2 years because central banks might hike rates too.
Mica regulated and it's matter of time when they CBDC the USDC and great to earn by staking % and when countries goes in bankcrupty and people have problems with mortgage and debt problems the debt settled with dollars it's bullish for USDC so circle and fed are smart they created the USDC just by right time Im bullish only about blockchains wich run USDC those will be true winners xlm,solana ,eth and others on wich USDC runs.
while people in btc but not in USDC then it means we early on USDC adoption before they make this cbdc.

This is in line with its name and maybe you are dreaming of getting rich in an uncertain way and usually such people dream too much without doing big things that can help them. I am curious about what wealth you mean and how you can build a wealth base in a period of two years if you only hold Usdc because we know that this kind of coin is unstable and also does not have the fundamentals to withstand the turmoil that occurs due to crises or recessions.

Poor understanding of the science of application may control excessive self-confidence and it will actually kill the existing opportunities because it limits yourself to something that is uncertain. You need to explain the concept of wealth if you really think that the opportunity is open especially in Usdc and what ways you might be able to do it for sure.

icalical

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Returns on USDC quite small compared to other crypto assets. With USDC adoption and timing looking so favorable, the volatility of the overall crypto market is still very, very high. A bet on USDC or any blockchain that supports it is going to be an exciting but cautious one since market trends and factors may affect the long term success of these significantly. After all the most important thing in investment, crypto included is to diversify, putting all money in USDC is very risky.

Bitcoins101

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I think USDC is controlled by Circle and Coinbase. I'm not sure what percentage Coinbase owns, but they are publicly traded, and the easiest way to participate in the potential upside of USDC.

NotATether

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You should know one very important thing, and that is that USDC is a stablecoin. It is designed by the company behind it, Circle, to never fluctuate from the dollar ever. That means that a USDC coin will be almost the same price as the dollar always. There are no longs, no 100x, and no pumps and dumps unless Circle criminally mismanages the coin like Terra did with UST. If it didn't, it wouldn't be so stable anymore, and people would get rid of their bags.

Porfirii

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When I first read the opening post I had the same thoughts as my colleagues above. But thinking about it twice, is a situation like terra luna's, but inverse, possible? Could USDC depeg from dollar, in a good way?

I don't think so, and I also believe that the OP is being delusional, but I'm open minded and I'd like someone to prove me wrong.

pooya87

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Quote from: Usdcboss on December 15, 2024, 11:10:58 AM

we early on USDC adoption before they make this cbdc.

I'm sorry but you are delusional, specially about this part ^.
It is very unlikely that central banks work with a centralized shitcoin that already exists and is controlled by a company while they can easily create their own centralized shitcoin and have full control over it from scratch.

Besides even if they did that, you won't make any profit from it. The value of it will be the same if not dropping. At the end of the day, USDC is centralized and a shitcoin and they can decide that anybody who had it before a certain point in time will have their balance cut by a certain degree. For example if you had 100 USDC they could decide that after their "merge" it would be worth only 10 Wink

Additionally the staking of this shitcoin is never going to be high enough to give you 100x profit. At best you can hope for 5-6% if you are lucky and don't get your account shut down...

N.O

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Quote from: Usdcboss on December 15, 2024, 11:10:58 AM

Usdc taking over the world and i'll be rich 100x in 2 years because central banks might hike rates too.
Mica regulated and it's matter of time when they CBDC the USDC and great to earn by staking % and when countries goes in bankcrupty and people have problems with mortgage and debt problems the debt settled with dollars it's bullish for USDC so circle and fed are smart they created the USDC just by right time Im bullish only about blockchains wich run USDC those will be true winners xlm,solana ,eth and others on wich USDC runs.
while people in btc but not in USDC then it means we early on USDC adoption before they make this cbdc.

Bro USDC is not that kind of coin which will give you 100x profit because it is dollar based and we can't expect that it's price will be 100x . If dollar will fluctuate it's price will be effected but how much that matters a lot because we saw history and every country has different prices of dollars and when we convert dollar to local currency we got the price equal to dollar. And if you think like Sol, ETh and BTC ?? Bro these coins are not stable coins and BTC supply is 21Million and it's price will go up and you can get 100x returns by that investment . ETH is also good Blockchain and we can invest in that and we can get multiple returns on that.SOL is also good coin but we can't compare SOL to BTC and ETH because these have different identity.

Usdcboss

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Usdc taking over the world and i'll be rich 100x in 2 years because central banks might hike rates too.
Mica regulated and it's matter of time when they CBDC the USDC and great to earn by staking % and when countries goes in bankcrupty and people have problems with mortgage and debt problems the debt settled with dollars it's bullish for USDC so circle and fed are smart they created the USDC just by right time Im bullish only about blockchains wich run USDC those will be true winners xlm,solana ,eth and others on wich USDC runs.
while people in btc but not in USDC then it means we early on USDC adoption before they make this cbdc.

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